Browsing: Europe

Energy transition news from Europe: hydrogen, storage, grids, nuclear and policy in the EU, UK and wider region.

Germany’s OWP Butendiek offshore wind farm is making waves in the renewable energy sector with the signing of a groundbreaking offshore power purchase agreement (PPA). This landmark agreement, with the invaluable support of Pexapark, a software and consulting firm specializing in renewable energy, is a pioneering move in the emerging field of green hydrogen production.

In recent years, green hydrogen has staged a remarkable comeback and is emerging as a linchpin in the pursuit of a climate-neutral economy. It promises to play a pivotal role, particularly in addressing emissions in challenging sectors such as transport, heating, and heavy industry, and offers a solution for inter-seasonal energy storage. This resurgence of green hydrogen, driven by both energy security and decarbonization imperatives, is now not only fostering economic opportunities but also birthing a new era of EU-Africa relations.

As the world grapples with the urgent need to decarbonize sectors that have stubbornly resisted green transformation, a new guide from RenewableUK titled “Demystifying the Hydrogen Business Model for Electrolysis” seeks to demystify the intricate workings of the UK Government’s Hydrogen Production Business Model.

A recent industry-commissioned study, conducted by the Green Hydrogen Alliance (GHA) and backed by major players like Airbus, Air Products, and Associated British Ports (ABP), has unveiled a promising path to propel the UK’s green hydrogen market. The report suggests that this endeavor could not only yield an £11 billion economic boost but also slash over 1.7 million tonnes of carbon dioxide (CO2) emissions annually.